Pantera Capital Acquires More Solana Tokens from FTX Bankruptcy Auction

By: Eliza Bennet

Venture capital firm Pantera Capital has reportedly acquired an undisclosed number of Solana tokens from FTX's recent bankruptcy auction. The tokens were purchased at a discounted rate of $64 each, marking a significant markdown from the prevailing market prices.

This strategic move by Pantera comes as no surprise as the firm had previously made substantial investments in SOL tokens, totaling around $1.9 billion. These acquisitions seem to be paying off as Solana's improved price performance and adoption over the past year have led to a notable growth in Pantera's Liquid Token fund. However, FTX's continued sales of digital assets from its bankruptcy estate have drawn criticism from creditors, who claim these sales have impacted the value of their holdings.

In conjunction with this acquisition, Pantera Capital is reportedly raising over $1 billion for its newest venture, the Pantera Fund V. This comprehensive investment vehicle marks a shift from Pantera's previous offerings and showcases a broader investment strategy that spans venture equity, early-stage tokens, and liquid funds.